case study methods
Case study method: This technique was developed by Harvard Business School, U. S. A. It is used as a supplement to lecture method. A case is a written record of a real business situation/problem faced by a company. The case is provided to the trainees for discussion and analysis. Identification and diagnose of the problem is the aim in case study method. Alternate courses of action are suggested from participants. Multiple management: This technique of training was first introduced by McCormick, President of McCormick & co. Baltimore in 1932. He gave the idea of establishing a Junior board of directors. Authority is given to the Junior board members to discuss any problem that could be discuss in senior board and give recommendations to the senior board. Innovative and productive ideas became available for senior board. Brainstorming: This is creativity-training technique, it helps people to solve problems in a new and different way. In this technique, the trainees are given the opportunity to generate ideas openly and without any fear of judgement.
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Criticism of any idea is not allowed so as to reduce inhibiting forces. Once a lot of ideas are generated then they are evaluated for their cost and feasibility Role-playing: In this method, the trainees are assigned a role, which they have to play in an artificially created situation. For example, a trainee is asked to play the role of a trade union leader and another trainee is required to perform the role of a HR manager. This technique results in better understanding of each other’s situation by putting foot in other’s shoes.
Business games: Business games involve teams of trainees. The teams discuss and analyse the problem and arrive at decisions. Generally, issues related with inventories, sales, R&D, production process, etc. are taken up for consideration.. General Agreement on Tariffs and Trade (GATT) was originally created by the Bretton Woods Conference as part of a larger plan for economic recovery after World War II. This was achieved through the reduction of tariff barriers, quantitative restrictions and subsidies on trade through a series of different Agreemen. he study of body movements, gestures, facial expressions, etc. , as a means ofcomm. Treasury Bill: promissory note issued by a national (federal) government as a primary instrument for regulating money supply and raising funds via open market operations. Commercial paper is a money-market security issued (sold) by large corporations to get money to meet short-term debt obligations (for example,payroll), and is backed only by an issuing bank or corporation’s promised to pay the face amount on the maturity date specified on the note.
Since it is not backed by collatera. Negotiable certificate issued by one country’s bank against a certain number of shares held in its custody but traded on the stock exchange of another country. GDRs entitle the shareholders to all associated dividends and capital gains, and can be bought and sold like other securities. Thus they allow investors in any country to buy shares of any other country without losing the income or tradingflexibility. Also called European depository receipt (EDR) or international depository receipt (IDR case study methods By Akanksha-Rathore